North America’s vacation property resource
North America’s vacation property resource
Making a vacation property investment is a big decision. Perhaps you’re looking to invest in a short term rental property on the beach or cozy ski chalet nestled in the mountains. Or perhaps you’ve always dreamed of owning a remote cottage in the wilderness and would like to keep it for personal use. Whatever the case, with careful planning and execution, owning a vacation home can make an excellent investment.
Yet you will undoubtedly have various questions along the way. For example, what are the most common mistakes when purchasing a vacation property? How much vacation property can you afford? What is the best type of property to purchase? Are mortgage rates higher for vacation properties? These are just some of the many questions that you may have as you contemplate a vacation property investment.
Explore articles covering various topics related to vacation property investment. In particular, topics include: things to consider before buying a weekend home, eight mistakes to avoid when buying a vacation home, is a vacation home considered investment property, buying a cottage to rent out, eight reasons why buying a vacation home is a smart move, a ten point checklist to buying a vacation home, an overview of the true cost of owning a second home and others. Be sure to check back often as new topics are added.
If you’re looking to buy a vacation home, the most important factor many people will consider is the vacation home mortgage rate. Just like a mortgage on your primary residence, no one wants to pay more interest than necessary. But mortgage rates are typically higher for vacation homes for one good reason – risk. Lenders…
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Buying a resort property is tempting to many. While, owning a resort property is a lot of work, it comes with significant upside. From hotels and bed-and-breakfasts to RV parks, campgrounds and fishing lodges, there are many different types of resort properties to buy. Each type of property will have its own unique set of…
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Last updated: August 18, 2022. As you approach retirement, you may be considering buying a retirement home early. Whether its downsizing to more modest accommodations or moving to a sunny destination, there are many reasons for buying a retirement home. Many people, however, won’t give much consideration to retirement living until their twilight years. Naturally,…
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Last updated on June 20, 2021 Owning a weekend home is an attractive proposition for many. Having the ability to leave at a moments notice to the country to enjoy some much deserved rest and relaxation may be reason enough. Or perhaps its the prospect of hosting friends and family at a place to call…
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Whether you have managed to save up a significant down payment or you are just starting to save, you may be wondering what the typical down payment for a vacation home is. After all, it can take substantial time and fiscal discipline to save up enough to purchase a second home. In this article, we…
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There are many reasons to buy a vacation home and every individual will have their own personal circumstances to consider. For some, a vacation home may represent a place to build memories with friends and family. Yet to others it may simply round out a diversified investment portfolio. Despite these differences, there are several common…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.